American HealthCare Capital is pleased to introduce a Case Management and Home Care agency for Automobile injured patients that is for sale in Michigan. The company has been in business for 25 years, specializing in case management services, skilled nursing, and nurse aid care to patients injured in motor vehicle accidents. Their service area covers the entire state of Michigan.
The company’s sole payer source is Auto Insurance companies. The company’s revenues have steadily increased in recent years. Gross revenues in 2015 were nearly $3.8 Million with an adjusted EBITDA of around $630,000 (17%), and grew to over $3.9 Million with an adjusted EBITDA of over $700,000 (18%). Based on the first 2 quarters of 2017, gross revenues are on track to reach $4 Million, and the company is expecting further growth as the year progresses. Additionally, adjusted EBITDA is expected to increase significantly to the $1.1 Million range. Growth opportunities exist through enhanced marketing efforts to healthcare professionals, which is now in process.
The seller is looking to retire but would be available to assist during a transitional period. All staff is expected to stay on under new ownership. The asking price for this opportunity is $6 Million.
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